Investing.com - Minutes from the European Central Bank's December policy meeting released Thursday revealed that some members argued for more stimulus amid weak price pressures and continued downside risks to growth and inflation.
Some members expressed a preference for a 20 basis point cut in the deposit facility rate.
According to the minutes, the euro zone recovery remains moderate and fragile. Risks to outlook remained on the downside, while the external environment weighed on price pressures.
EUR/USD was trading at 1.0892 from around 1.0910 ahead of the release of the data, while EUR/GBP was at 0.7560 from 0.7573 earlier.
Meanwhile, European stock markets were broadly lower. The EURO STOXX 50 tumbled 1.85%, France’s CAC 40 sank 2.3%, Germany’s DAX lost 2.1%, while London’s FTSE 100 slumped 1.4%.